The Straits Times - July 25, 2024![Add to My Favorites Add to Favorites](/static/icons/filled.svg)
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In this issue
July 25, 2024
Philippines declares state of calamity as floods paralyse capital
Days of relentless rain have brought Philippine capital Manila and its surrounding cities to a standstill, as floods triggered by Typhoon Gaemi (local name Carina) and the seasonal monsoon caught tens of thousands of Filipinos by surprise.
![Philippines declares state of calamity as floods paralyse capital](https://reseuro.magzter.com/100x125/articles/24723/1776528/1PcVRtS341721858170379/PHILIPPINES-DECLARES-STATE-OF-CALAMITY-AS-FLOODS-PARALYSE-CAPITAL.jpg)
3 mins
Firms future-proofing their businesses amid uncertainty: SM Teo
They are diversifying to ride out disruptions to supply chains, prepare for climate change
![Firms future-proofing their businesses amid uncertainty: SM Teo](https://reseuro.magzter.com/100x125/articles/24723/1776528/BZGZ-95hD1721858004188/FIRMS-FUTUREPROOFING-THEIR-BUSINESSES-AMID-UNCERTAINTY-SM-TEO.jpg)
3 mins
Taiwan hunkers down for arrival of strongest storm in 8 years
Work and school suspended, flights axed as Typhoon Gaemi nears island
![Taiwan hunkers down for arrival of strongest storm in 8 years](https://reseuro.magzter.com/100x125/articles/24723/1776528/vfiL_APWr1721858642542/TAIWAN-HUNKERS-DOWN-FOR-ARRIVAL-OF-STRONGEST-STORM-IN-8-YEARS.jpg)
3 mins
Studies under way to redevelop 32-year-old Yishun Sport Centre
The 32-year-old Yishun Sport Centre may be redeveloped as part of plans to improve the sporting facilities available to residents in the north.
![Studies under way to redevelop 32-year-old Yishun Sport Centre](https://reseuro.magzter.com/100x125/articles/24723/1776528/8ZjyiU1Ll1721858328065/STUDIES-UNDER-WAY-TO-REDEVELOP-32YEAROLD-YISHUN-SPORT-CENTRE.jpg)
3 mins
Need for guiding hand on matters of race, religion: SM Lee
These issues will never cease to be sensitive, and external conflicts can trigger tensions in S’pore, he says
![Need for guiding hand on matters of race, religion: SM Lee](https://reseuro.magzter.com/100x125/articles/24723/1776528/wAy0jnHdj1721858741700/NEED-FOR-GUIDING-HAND-ON-MATTERS-OF-RACE-RELIGION-SM-LEE.jpg)
3 mins
China-brokered Palestinian unity deal a boost to Beijing's world standing
But Hamas, Fatah factions not likely to share post-war power despite pact
4 mins
Hottest day record broken for second consecutive day
The world again registered its hottest day on record on July 22, inching past July 21 which had just taken the title, according to preliminary data from a European Union monitoring agency.
![Hottest day record broken for second consecutive day](https://reseuro.magzter.com/100x125/articles/24723/1776528/DNik7oEIA1721858974442/HOTTEST-DAY-RECORD-BROKEN-FOR-SECOND-CONSECUTIVE-DAY.jpg)
1 min
Harris bashes Trump over 'fear and hate' in debut rally
She attacks Republican rival’s weaknesses, promises action to expand abortion access
3 mins
Ukraine tells China it is open to talks if Russia acts in good faith
Ukraine's top diplomat told Chinese Foreign Minister Wang Yi at talks in the city of Guangzhou on July 24 that Kyiv was open to talks with Russia if Moscow was prepared to negotiate in good faith, something he said he saw no evidence of for now.
2 mins
Cancer patients may have greater access to latest drugs under trial
Singapore cancer consortium admitted to global network that lets it take part in trials
![Cancer patients may have greater access to latest drugs under trial](https://reseuro.magzter.com/100x125/articles/24723/1776528/jgcSynI8q1721858475800/CANCER-PATIENTS-MAY-HAVE-GREATER-ACCESS-TO-LATEST-DRUGS-UNDER-TRIAL.jpg)
3 mins
Over 100 on Home Team get scholarships, sponsorships
74 officers will pursue undergraduate studies, while 37 will take on postgraduate studies
![Over 100 on Home Team get scholarships, sponsorships](https://reseuro.magzter.com/100x125/articles/24723/1776528/ZGlWkxoTA1721859230800/OVER-100-ON-HOME-TEAM-GET-SCHOLARSHIPS-SPONSORSHIPS.jpg)
3 mins
S'pore stocks end largely flat after lacklustre Wall St session
Losers outnumber gainers 292 to 265 on trade of 1.2b shares | Markets elsewhere in region decline, with Nikkei down 1.1% | Yangzijiang Shipbuilding is STI's top gainer, rising 3.9%
1 min
Tesla reports worst profit margin in five years as it cuts prices
Tesla on July 23 reported its lowest profit margin in more than five years and missed Wall Street earnings targets in the second quarter, as the electric vehicle (EV) maker cut prices to revive demand while it increased spending on artificial intelligence (AI) projects.
![Tesla reports worst profit margin in five years as it cuts prices](https://reseuro.magzter.com/100x125/articles/24723/1776528/SzyXO2D7x1721859479877/TESLA-REPORTS-WORST-PROFIT-MARGIN-IN-FIVE-YEARS-AS-IT-CUTS-PRICES.jpg)
3 mins
MAS proposes simplified leverage requirements for S-Reits
The Monetary Authority of Singapore (MAS) on July 24 published a consultation paper proposing to simplify leverage requirements for all real estate investment trusts (Reits).
1 min
Katong's Roxy Square put up for collective sale at $1.25 billion
Freehold mixed-use site near MRT station described as unique offering in the area
3 mins
Need for sustained Sing$ appreciation fades as inflation momentum eases
But most analysts polled believe MAS will not change its monetary policy settings yet
![Need for sustained Sing$ appreciation fades as inflation momentum eases](https://reseuro.magzter.com/100x125/articles/24723/1776528/HnSbXQHgK1721859774786/NEED-FOR-SUSTAINED-SING-APPRECIATION-FADES-AS-INFLATION-MOMENTUM-EASES.jpg)
4 mins
APRIL WELL ON COMEBACK TRAIL
Now with trainer Le Grange, he wins trial in fine fashion and looks set to compete again
![APRIL WELL ON COMEBACK TRAIL](https://reseuro.magzter.com/100x125/articles/24723/1776528/K25AWh4qI1721859920176/APRIL-WELL-ON-COMEBACK-TRAIL.jpg)
3 mins
NO ISRAEL BOYCOTT, INSIST IOC, MACRON
Amid calls by Palestinians, Bach says Olympic body not in the political business’
3 mins
The Straits Times Newspaper Description:
Publisher: SPH Media Limited
Category: Newspaper
Language: English
Frequency: Daily
Unlock your access to award-winning journalism on Singapore and the world. With bureaus in major cities around the world, The Straits Times correspondents bring world news to readers on a Singapore platter, helping them appreciate world events from a Singaporean perspective.
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